-
17%of Employers
with 10-99 employees use PEOs
-
200,000+Businesses
utilize PEO services
-
2xFaster Growth
for businesses that use a PEO
About PEOs
- PEOs handle back-office administrative tasks that can bog down a business, allowing them to focus on their core mission, profitability and growth. They also give employees access to HR expertise and Fortune 500-level benefits at an affordable cost, improving employee retention and engagement.
- There are 500 PEOs in the U.S. that provide payroll, benefits, compliance assistance and other HR services more than 200,000 primarily small and mid-size businesses employing 4.5 million people.
- Businesses that use a PEO grow two times faster, have employee turnover that is 12 percent lower, and are 50 percent less likely to go out of business than comparable businesses that do not use a PEO.
- The total employment represented by the PEO industry is roughly the same as the combined number of employees for the four largest companies in the U.S.
- The PEO industry’s 208,000 clients represent roughly 17 percent of all employers with between 10 to 99 employees.